18 Hrs
Source:
The Guardian
Tesco Raises Profit Outlook Amid Robust Consumer Confidence
Tesco has increased its annual profit forecast, citing resilient consumer confidence despite geopolitical tensions. In the first six months, sales rose 2% to £33.8 billion, with underlying profit up 6.5% to £1.8 billion, driven by strong online sales and growth in its premium own-label range. While UK store sales increased slightly, Booker wholesale sales declined, and Tesco is utilizing artificial intelligence to improve efficiency and reduce costs.
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